/ E-Retailers

Fred Chang, a founder of the web-only electronics retailer, is giving up his posts as chairman and CEO but will continue as president of Newegg’s China division. Tally Liu, who became president of Newegg in February, is now chairman and CEO.

Fred Chang, a founder of the web-only electronics retailer, is giving up his posts as chairman and CEO but will continue as president of Newegg’s China division. Tally Liu, who became president of Newegg in February, is now chairman and CEO.

/ Technology

In addition to the merchandising and customer service that have driven Newegg.com to nearly $2 billion in sales, the computer products retailer invests heavily in online security to make shoppers feel confident about buying online, the retailer says.

In addition to the merchandising and customer service that have driven Newegg.com to nearly $2 billion in sales, the computer products retailer invests heavily in online security to make shoppers feel confident about buying online, the retailer says.

/ E-Retailers

Newegg is staying in touch with customers, without worrying too much about whether initiatives like forums, reviews or pages on MySpace and Facebook lead directly to sales. As long as revenue grows, Newegg figures it has the right recipe.

Newegg is staying in touch with customers, without worrying too much about whether initiatives like forums, reviews or pages on MySpace and Facebook lead directly to sales. As long as revenue grows, Newegg figures it has the right recipe.

/ E-Retailers

Online computer and consumer electronics retailer Newegg.com finished 2007 with web sales just shy of $2 billion. For the year, web sales for Newegg grew by 26.7% to about $1.9 billion from $1.5 billion in 2006.

Online computer and consumer electronics retailer Newegg.com finished 2007 with web sales just shy of $2 billion. For the year, web sales for Newegg grew by 26.7% to about $1.9 billion from $1.5 billion in 2006.

Although Newegg Inc. spent less than 1% of its budget on marketing, it grew sales from zero to $1 billion in four years by giving visitors to its site “as close to the retail experience as possible,” Howard Tong, vice president, told IR2006.

Although Newegg Inc. spent less than 1% of its budget on marketing, it grew sales from zero to $1 billion in four years by giving visitors to its site “as close to the retail experience as possible,” Howard Tong, vice president, told IR2006.

To grow its sales by at least 40% in 2005 to $1.4 billion, Newegg is hatching plans for a better site search engine, adding more consumer electronics and launching a private label credit card, says Howard Tong, vice president of marketing.

To grow its sales by at least 40% in 2005 to $1.4 billion, Newegg is hatching plans for a better site search engine, adding more consumer electronics and launching a private label credit card, says Howard Tong, vice president of marketing.

/ E-Retailers

Newegg.com, an online retailer of computer components and consumer electronics, has a conversion rate of 6% to 7% on an average of 400,000 visits per day. It had sales volume of $1 billion last year and expects to do at least $1.4 million this year.

Newegg.com, an online retailer of computer components and consumer electronics, has a conversion rate of 6% to 7% on an average of 400,000 visits per day. It had sales volume of $1 billion last year and expects to do at least $1.4 million this year.